Ellie Mae and Online Documents partner

Dec 11, 2006

1st National Bank of Arizona sales up 10 percent from 2005MortgagePress.comArizona mortgage lenders The 1st National Bank of Arizona has reported record production from January through October 2006, up 10 percent from the same 10-month period in 2005. "In addition to the record production month, we've also seen an amazing 15 percent increase in the average units funded per sales account executive," said Craig Chapman, executive vice president, wholesale mortgage eastern division manager. 1st National Bank of Arizona is a privately held, family-owned banking institution based in Scottsdale, Ariz. For more information, call (877) 777-8295 or visit www.fnbavenue.com.

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Dec 11, 2006

C-Suite Strategies

Better’s Case Against Garg Exposes Holes In Its Growth Story

Directors say several heavily promoted partnerships generated less than $50,000 each, raising questions about Better’s enterprise strategy and planned wholesale launch

Better Home & Finance’s boardroom fight with founder Vishal Garg has exposed a potentially more consequential problem for mortgage companies considering its technology: Some of Better’s highly promoted partnerships have produced little revenue.In a letter urging sharehol...

Home Equity

Knock Takes Its Bridge Loan To Texas, With Tighter Limits

Texas version caps loans at $500,000, requires 680 credit scores, and excludes the company’s mortgage-payoff option

Knock has introduced its buy-before-you-sell bridge loan in Texas, giving lenders and loan originators another way to help equity-rich homeowners purchase their next property before selling their current residence.But the Texas version comes with substantially tighter eligib...

Nov

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